Hi, I would network with more experience real estate investors who buys & manages the properties. do ur due diligence before you hand over hand cash.

Now we just have to focus on scaling over time to meet your ultimate cash flow goals. 

No tenants or cash flow.

Purchase price: $180,000 Cash invested: $42,000 This is our first investment property.

If you have cash its not hard to analyze a property and get the loan. when you don't have cash then that is where you have to do complicated things to pay for a property that will be profitable

And how do you plan to pay for the build, cash flow it or construction loan?

This way, the seller gets 87k in hand, won't pay nearly as much taxes up front on a huge cash sale, will still be generating about the same amount of income as he is today, consistently for 20 years without the headache of managing it or insuring it.  

Purchase price: $220,000 Cash invested: $32,000 Single family sitting on 1/3 acre with a large 4 bay garage with Garage apartment to be built out.

Cash out refinance is always a risky endevoure as well, works well if you have a great buy or true value-add play. 

I’d rather take the cash and invest in my own deal or bring on a partner.